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After four days of going down, the DAX is up 58.74 points today

Today at a glance: the DAX increases 0.49% to close at 12,741 today.

The DAX hit a significant low of 15.42 around 4 days ago, but has since recovered 82,528%.

The MACD is significantly below its signal line which suggests that the existing bearish sentiment is beginning to swing around toward a more bullish outlook.

Overall, looking at the technical analysis landscape, it seems the DAX might continue pointing upwards in the short term.

Meanwhile, KOSPI Composite Index goes down 1.14% today and closed at 2,382.78. After ending today's session at 27,876, Nikkei lost 308.25 points and is trading around 27,568. Hang Seng lost 1.04% today and closed at 18,762.

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Indices

Equities traders zero in on ASX as it adds 95.3 points (+1.42%)

ASX trades at 6,794.6 after gaining 95.3 points (1.42%).

ASX traded as high as 7,589.8 before shedding 11.1% lower over the past six months.

The MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions. ASX broke through the 6,780 resistance and climbed above it 14.5 points; next resistance level is at 6,861.

Overall, looking at the technical analysis landscape, it seems ASX might continue pointing upwards in the short term.

ASX shows positive signs, other assets are also on par: EuroSTOXX is up 4.26%. CAC is up 4.24%. Dow Jones leaps up 2.8% to trade around 30,316.

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Indices

The Dow closed at 30,316 after making a massive single-day jump

The Dow jumps by 2.8% (816.32 points), its largest single-day gain since Jun 24.

The MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions.

Overall, looking at the technical analysis landscape, it seems the Dow might continue pointing upwards in the short term.

The Dow Jones shows positive signs, other assets are also on par: ASX 200 added 3.75% and closed around 6,457 today. EuroSTOXX explodes 4.26% today and closed at 3,342.17. CAC went up by 4.24% today, and closed at 6,039.69.

Having set a significant low of 28,726 4 days ago, the Dow is trading 2.66% higher.

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Indices

The FTSE index sheds 156.46 points and tracking 2.26% lower heading into market close in a hour time

The FTSE went up to 7,069 only to drop back some of the way and is now trading around 7,065.22 as it reaches the end of the trading session.

  • The FTSE has gained 27.16 points over the past 3 days, and today's session seems to be adding to the current uptrend.

The FTSE hit a significant low of 6,881.6 around 5 days ago, but has since recovered 0.39%.

FTSE made an initial breakout above its 10 day Simple Moving Average at 7,030.36, a potential indicator of a newly emerging bullish phase. Despite this, the FTSE price action is currently oscillating around the 7,003 resistance level with prices moving above and below several times during the session.

Overall, looking at the technical analysis landscape, it seems the FTSE might continue pointing upwards in the short term.

Other markets are also showing gains as ASX 200 shoots up 3.75% to trade around 6,699.3. CAC surges 3.55% to trade around 6,000. Dow Jones is up 2.49%.

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